Currency Verification

Timelines
DIY counterfeiting: German woman attempts buying Audi with 'Monopoly' money

23 Jul 2019

DIY counterfeiting: German woman attempts buying Audi with 'Monopoly' money

Money most certainly doesn't grow on trees, but that never stops people from wondering, "What if it did?"

Tezpur University researchers have a solution for fake currency: nano-ink!

20 Jun 2019

Tezpur University researchers have a solution for fake currency: nano-ink!

Counterfeiting or fake currency is a problem that authorities across the globe have struggled to constrain. Miscreants are often drawn to counterfeiting as it's a real money-making (illicit) business, and it's hard to trace once the currency is in circulation.

99.3% of demonetized-notes worth Rs. 15.31-lakh-crore returned to banks: RBI

29 Aug 2018

99.3% of demonetized-notes worth Rs. 15.31-lakh-crore returned to banks: RBI

As many as 99.3% of the old Rs. 500 and Rs. 1,000 notes, that were banned overnight in November 2016, have been returned, the Reserve Bank of India said in its annual report.

What is RBI doing with old Rs. 500/1,000 notes?

18 Mar 2018

What is RBI doing with old Rs. 500/1,000 notes?

The demonetized Indian currency notes of denomination Rs. 500 and Rs. 1,000 are being shredded and briquetted before being disposed of through a tendering process, explained the Reserve Bank of India (RBI) in reply to an RTI query.

RBI is still verifying post-demonetization returned currency

29 Oct 2017

RBI is still verifying post-demonetization returned currency

With the first anniversary of the demonetization approaching, the banned notes recovered post-demonetization are still being "processed in all earnest", said the RBI in response to a RTI query.

RBI refuses to provide information on fake currency, printing defects

20 Oct 2017

RBI refuses to provide information on fake currency, printing defects

The RBI has said it had processed 9,711.62mn demonetized Rs. 500 notes and 4,709.72mn Rs. 1,000 notes till August.